Will the FTSE keep rising? We've never had it so good, or have we?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 13 January 2017

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors have been cheered by a stunning start to 2017 for the FTSE 100, which racked up a record-breaking run of closing highs.

But does that mean we should be confident or worried?

The FTSE 100 is made up of international companies with foreign earnings, booming on the back of the devalued pound.

On this week’s This is Money podcast, Simon Lambert and Rachel Rickard Straus join Georgie Frost in the Share Radio studios to explore why shares have soared and discuss whether this is a good, indifferent or the absolute worst time to invest. Investors love to invest at the wrong time.

Inevitably, also on the agenda this week are the two words on everyone’s lips, Trump and Brexit.

We take a quick look at the devastating influence an angry tweet from the US President-elect can have on the pharmaceutical, car, defence and airline industries and the ongoing vagueness of Britain's relationship with Europe before swiftly moving on to more pressing matters.

Among them are a look at how rich you are, the best paying jobs and the overheated property market.

Median wealth is £35,000, a top 5th slot in wealth league costs £85,000. Farmers got the biggest pay rises last year and the average deposit for a first-time buyer is now £24,300 (61% of earnings) - 20 years ago it was £2,095 (12% of earnings).

If you’re feeling flush from any of this, we reveal the UK’s most desired used cars too.

Enjoy.

Transcript

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0:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings.
0:16.6	A very warm welcome to This Is Money and Share Radio podcast in partnership with NS and I. I'm Georgie For Austin.
0:22.6	Joining me in the studio is editor Simon Lambert and personal finance editor Rachel Rickard Strauss to round up the week's top stories that they've been covering on their award-winning website.
0:32.8	Last week we had the happiness episode, didn't we?
0:36.3	Where every story had to end on a positive note.
0:39.3	Today though, I fear the watchword will be caution.
0:42.3	A winning streak for the footsy.
0:44.3	Markets in general this year have got off to a pretty solid start
0:47.3	and they've really been helped by a continuation of the trends that we saw at the tail end of last year.
0:51.3	But just how far will the bull run?
0:53.3	Is now the time to invest or should we be more sensible?
0:57.0	Brexit we heard this week from one Mark Carney, no less, is not the biggest threat to the economy.
1:02.0	And there are economic risks to the UK, but there are greater financial stability risks on the continent in the short term for the transition than there are for the UK.
1:10.0	Well, that doesn't mean it's all rainbows and moonbeams going forward. continent in the short term for the transition than there are for the UK.
1:14.0	Well, that doesn't mean it's all rainbows and moonbeams going forward.
1:18.1	First-time buyers are entering the market in record numbers, but... The average deposit is now £32,000. That's around double what it was 10 years ago.
1:25.2	We had Super Thursday this week. Nothing to do with the Bank of England. Retailers posting
1:29.3	some good Christmas numbers.
1:30.3	I think it's truly the most wonderful time of year for supermarkets.
1:34.3	Both Sainsbury's and Liddle, you know, they come out with some really strapping set of results.
1:38.3	But with Brexit on the horizon, can it last?
1:40.3	We also ask, how rich are you?
	...

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